Next leg down: Are we there yet?

Daneric:

So the primary count is officially Minuette (iii) down of Minute [i] of Minor 1 of Intermediate (1) of Primary [3] of Cycle wave c of Supercycle wave (a) of Grand Supercycle wave IV.

Translation: last week we may have seen the highest stocks are going to be for years, with SPX hitting 1088.

UPDATE: The short-term call is already wrong, SPX has since hit 1099, but whether or not this rally ends, sooner than later, with a top in this neighborhood that will reign for years, remains to be seen.